Indicate
by check mark whether the registrant is an emerging growth company
as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter)

Emerging Growth Company ☒

If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the
Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement

On February 25, 2020, TPT Global Tech, Inc. (the
“Company”) entered into an Agreement for the Purchase
and Sale of Future Receipts (“Advantage Merchant
Agreement”) with Advantage Capital Funding. The balance to be
purchased and sold is $716,720 for which the Company received
$500,000, net of fees. Under the Advantage Merchant Agreement, the
Company will pay $14,221 per week for 50 weeks. The Advantage
Merchant Agreement includes a guaranty by the CEO of the Company,
Stephen J. Thomas III. The Advantage Merchant Agreement is attached
hereto as Exhibit 10.1.

In addition, the Company entered into a Secured Promissory Note
with a third party for $90,000 dated February 14, 2020. The Secured
Promissory Note is secured by the assets of the Company and is due
June 14, 2020 or earlier in case the Company is successful in
raising other monies and carries an annual interest charge of 10%
payable with the principal. The Secured Promissory Note is also
convertible at the option of the holder into an equivalent amount
of Series D Preferred Stock. The Secured Promissory Note also
includes a guaranty by the CEO of the Company, Stephen J. Thomas
III. The Secured Promissory Note is attached hereto as Exhibit
10.2.

Some of the funds from the Advantage Merchant Agreement and the
Secured Promissory Note were used to pay off the remaining balance
of $97,000, including premium and accrued interest, of the
Convertible Promissory Notes with JSJ Investments and the remaining
Convertible Promissory Note to Geneva Roth of $63,086, including
premium and accrued interest. These payments are part of a decrease
in the Company’s convertible promissory notes as a result of
balance pay offs and conversions that has increased
outstanding common shares to 438,746,178 as of February 27,
2020.

Item 2.03 Creation of Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant

The disclosures under Item 1.01 of this Current Report on Form
8-K.

Item 7.01 Regulation FD Disclosure.

Press Release

The information in this Item 7.01 of this Current Report is
furnished pursuant to Item 7.01 and shall not be deemed "filed" for
any purpose, including for the purposes of Section 18 of the
Exchange Act, or otherwise subject to the liabilities of that
Section. The information in this Current Report on Form 8-K shall
not be deemed incorporated by reference into any filing under the
Securities Act or the Exchange Act regardless of any general
incorporation language in such filing.

On February 18, 2020 and March 2, 2020, the Company issued press
releases. A copy of each press release is attached hereto as
Exhibit 99.1 and 99.2.